Page 82 - FY 2026-2027 Adopted Budget Book

Public, Educational, Governmental (PEG)

Fund

This special revenue fund is used to account for the 1% fee that is collected along with the cable franchise fee.
Expenditures from this fund are limited through federal law to capital costs for public, educational,
governmental (PEG) programming facilities.

In December 2012, Time Warner Cable terminated its local franchise with the City of Bedford and opted into
statewide franchising in accordance with the adoption of S.B. No. 1087 in the 2011 legislature. SB 1087
allowed each local incumbent cable franchisee to terminate all of its local franchises in cities of less than
215,000, if done so by December 31, 2011. This is also in compliance with the S.B. No. 5 from the 2005
legislature which transferred cable franchising authority to the Public Utility Commission. In accordance
with S.B. No. 1087, a municipality must set up a separate public, educational, governmental (PEG) fund at the
time of franchise termination to collect and account for the PEG fee which goes into effect at the time of
termination.

The PEG fee is an additional 1% of gross revenue and can only be spent on capital items for the local access
channel as described by federal law. The PEG fee is also required of AT&T, as well as any future cable
provider that may choose to provide service in Bedford.

Fund Summary

Projected revenues total $63.9K, which represents a 6% increase over the prior year.
Budgeted expenditures are decreasing by 23% to $108.3K in FY2027.

$200K

$150K
Amount Revenues
$100K
Expenditures
$50K

$0
FY 2024 Actuals FY 2025 Actuals FY 2026 Amended Budget FY 2026 Projection FY 2027 Proposed Budget
Fiscal Year
Data Updated: Sep 15, 2026, 9:54 PM View Report

CALCULATION
FY 2024 FY 2025 FY 2026 Amended FY 2026 FY 2027 Proposed % Change
Actuals Actuals Budget Projection Budget
Revenues
Franchise Fees $45,558 $42,326 $40,000 $40,870 $40,000 0%
Interest Income $27,953 $23,877 $20,000 $16,770 $23,870 19%
Other Financing Sources $0 $151,923 $0 $0 $0 –
REVENUES TOTAL $73,510 $218,127 $60,000 $57,640 $63,870 6%

FY 2026-2027 Adopted Budget Book · September 15, 2026 78